1-800Accountant Blog

10-often-overlooked-business-deductions

10 Often-Overlooked Business Deductions

Tax season can be stressful for everyone, but it’s especially challenging for business owners right now. If you run a small business, you’re probably already struggling to balance multiple priorities. Worrying about your business, working from home – especially if you have children – keeping in touch with family and friends, and staying up to […]

tax-considerations-new-business

Tax Considerations for a New Business

Here’s a universal truth: every wage-earning working person in the US will pay taxes either through regular deductions from paychecks or estimated tax payments, no matter your career or field. The IRS and each state prefer that everyone pays their taxes as they go.  The IRS wants you to pay in at least 90% of […]

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Bookkeeping 101: How to Keep Good Financial Records

If there’s one thing that small business owners and entrepreneurs need to know right off the bat – it’s how to maintain their records. Sloppy financial records can spell disaster for small businesses. If you can’t keep up with your books, you’ll find yourself in trouble further down the line if you ever run into […]

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3 Timesaving Tips to Help Keep your Books in Order

As anyone who runs a small business can tell you, one of the most time-consuming parts of keeping things organized is bookkeeping. Just keeping track of everything can be an enormous task as your business begins to grow.  And if you don’t keep careful track of every part of your business, you may find yourself […]

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Rideshare Driver? Cover Your Assets with an LLC

If you’re driving for Uber or Lyft, this might be the first time you’ve taken on the responsibilities of self-employment, including reporting business earnings on your income tax return. Ridesharing is a bit different than other businesses, and you have a few options for how you report that income – you can use a Schedule […]